Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate change, energy and GHG
• Asset integrity
• Local community development and engagement
• Economic performance
• Workforce health and safety
• In-country value contribution
• Diversity and equal opportunities
• Payments to governments
• Procurement practices
• Nationalisation
• Water, waste and spills management
• Workforce management practices
• Total reserves
• Compliance with regulations
• Ethics and prevention of corruption
• Learning and development
• Sustainability governance
• Human rights

Environmental Achievements

• Flared gas from operations decreased by approximately 26% since 2019
• Carbon emissions intensity in 2021 was 8.3 kilograms of CO2 equivalent (CO2e) per barrel of oil (BOE) produced
• Reduction of an estimated 61,600 tCO2e/year from the Khor Mor plant
• Pearl Petroleum venture in the KRI became one of the first ‘carbon neutral’ O&G production businesses in the Middle-East by voluntarily purchasing 264,000 tonnes of accredited carbon credits
• Seven consecutive years without a significant spill to the environment
• Zero complaints, issues, fines or penalties related to environmental non-compliance

Social Achievements

• Total Recordable Injury Rate (TRIR) was 0.05, better than average compared to regional peers
• 50% decrease in Tier 1 and 2 PSEs compared to 2020
• Successfully contained workplace exposure and the spread of COVID-19 infection
• All staff and contractors across Dana Gas and its ventures were fully vaccinated
• Invested US$ 2.1 Million in community initiatives

Governance Achievements

• All Dana Gas employees complied with the Code of Conduct
• Zero grievances or incidents related to discrimination, corruption, ethical violations, or bribery reported

Climate Goals & Targets

Environmental Challenges

• Challenging socio-political operating environment in the KRI (resulting in 32 community-related incidents)
• Increased use of fuel gas in KRI operations associated with higher production (increasing GHG emissions)
• COVID-19 pandemic requiring evolving management measures
• Increasing energy consumption

Mitigation Strategies

• Developed a multi-year Climate Action Plan
• Improved GHG emissions measurement and third-party data validation
• Implemented a ‘Near-Zero Flaring’ policy
• Installed flare meters at Khor Mor plant
• Conducted fugitive emissions surveys
• Completed process modifications to eliminate flash gas at KRI plant
• Established GHG task forces in KRI and Egypt
• Initiated methane emissions data collection
• Implemented various water conservation initiatives
• Implemented energy-saving programs (LED lighting, motion sensors, etc.)
• Exploring renewable energy opportunities
• Robust procedures to control workplace exposure and spread of COVID-19
• Concerted push to get all staff and contractors vaccinated

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Prioritising local suppliers; incorporating criteria into contractual agreements to support local procurement, local sourcing and small to medium-sized enterprises.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option, Stakeholder Capitalism Metrics from the World Economic Forum (WEF), ESG disclosures for the Abu Dhabi Securities Exchange (ADX), ESG disclosures for the London Stock Exchange (LSE), United Nations Sustainable Development Goals (UN SDGs), International Petroleum Industry Environmental Conservation Association (IPIECA) guidelines

Certifications: ISO 45001 (all Dana Gas offices and Egypt operations), ISO 14001 (Egypt operations)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed